Okoroawusa:
That policy has come to stay. Anyone that doesn't like it can relocate to India

PrettyBolu:
As far as it will stop Tinubu from buying votes, it is a welcome development.

No more bullion van. All the money Tinubu gathered that he wants to use to influence 2023 election is wasting away now. That is why he told his boy, Femi Gbajabiamila to kick against it. You saw when House of rep kicked against it. It was Tinubu that instructed his boy to kick against the CBN limit.

MrBroke:
If you don't like this policy fucking go to hell, everything you guys want to complain about shit you know nothing about

Seun:
Strong democratic countries invest in education and promotion of family planning for this very reason. Fools can be made wise by educating them. Then they will vote right and demand what they deserve from govt.

redsun:


So does it mean there is no limit on electronic tranfers and cards transactions. How about the majority of businesses in nigeria that do not accept card payments?

Okoroawusa:
That policy has come to stay. Anyone that doesn't like it can relocate to India

dre11:
Nigerian Central Bank Policy On Cash Withdrawal Limits May Hinder Economic Growth As It Happened In India—Report




https://saharareporters.com/2022/12/15/nigerian-central-bank-policy-cash-withdrawal-limits-may-hinder-economic-growth-it

redsun:


So does it mean there is no limit on electronic tranfers and cards transactions. How about the majority of businesses in nigeria that do not accept card payments?

backnbeta:
So many illiterate and semi illiterate artisans out there operate with cash! Market women, labourers, food vendors...how will they manage? Yes, People will adjust eventually; but is it the best for an economy like ours?

Okoroawusa:
That policy has come to stay. Anyone that doesn't like it can relocate to India

redsun:
I am sure they are especting the econmy to go the zimbabwean way soon ,especially if the doomed masses will still be dumb enough to allow a rogue like Tinubu or Atiku to run the crime inc nation again. The policy is absurb and can only work in a failed economic situation.100k can't cover two shopping trips for essentials things in shoprite for a week for a normal individual. It is unimaginable, and somewhat extortionate with the percentage they will be asking for exceeding the withdrawal limits.

Jimmythewise:
Northern Nigeria alone is infested with uneducated folks. It will take more than 100 years to have them all educated. There are uneducated folks in America, I believe they have fought against illiteracy for 100s of years. It is important that we all accept democracy for what it is.

Okoroawusa:
That policy has come to stay. Anyone that doesn't like it can relocate to India

xperiencelove:
If you do a legit business with huge funds, learn how to use digital money.
I know beforehand that fraudsters and money lunders will find this policy hard on them and they will pay those useless media houses to publish lies about it.

dre11:
Nigerian Central Bank Policy On Cash Withdrawal Limits May Hinder Economic Growth As It Happened In India—Report




https://saharareporters.com/2022/12/15/nigerian-central-bank-policy-cash-withdrawal-limits-may-hinder-economic-growth-it

dyera:


You are one of those hindering the progress of Nigeria and ensuring that we remain in dark age. Common cashless economy, you are standing against it.

dre11:
Nigerian Central Bank Policy On Cash Withdrawal Limits May Hinder Economic Growth As It Happened In India—Report




https://saharareporters.com/2022/12/15/nigerian-central-bank-policy-cash-withdrawal-limits-may-hinder-economic-growth-it

IranianSea:

It will work. Nigerians can easily adapt when they have no choice. Cashless is here to stay. I'm glad house of Reps supported it.

Emmyxclusive:
Ur own is just to be supporting bad things. Do u know what is going on in cbn? Emefele is doing all these just to divert attention from the fact that the whole stamp duty and other charges like NIP transfer relaized for the past years is in his pocket. Buhari directed him to open a centralized acct for that money since 2017 but he refused. Buhari secretly constituted a house committee on the recovery. The report of the findings indicates that trillions of naira is in his hands. Hon Gudaje have the findings, if u know the underground things going on in this country u will think twice before saying certain things. Do u know emefele was detained by dss of recent? Do you know how he try to block all the investigations against him? If u are a youth then u should think twice before supporting somethings before these people are wicked.

Paretomaster1:
By now, no ATM should dispense old note anymore, but Nigeria banks are still stocking ATM with old notes.

omonnakoda:
Emefiele was detained by DSS?

jumper524:
NIGERIA ain't India, and if the cashless policy is not imposed on us, then it may never happen. There would always be critics to state how itll affect us. The benefit of this cashless policy is way too large to consider its little downturn. Nigeria besides have the fastest growing improving banking system in the world.. make the policy and see wide range improvement. Soon mobile wallets would have a platform where you can pay bike and car drivers as little as 200 via transfer without charges. The policy has both short and long term benefit while the downside is only shortie as we are one of the best in adaptation.
No rook for thieves hoarding cash any longer.

Only advice I can give any old school is to get a good android phone and also learn how to use and secure it. The world is pushing forward and sometimes people are left behind, don't be left out.

joyousever:
The policy says use electronic or internet banking to make transactions that are beyond the daily or weekly withdrawal limit!